# Professor Kim Schoenholtz explains how US policymakers are still incentivizing home ownership to a dangerous degree, in a story about the 10th anniversary of the financial crisis

1 Faculty News September 9, 2018 ![Los Angeles Times logo](/sites/default/files/styles/246w/public/assets/images/con_032838.jpg?itok=d4eVwIbD)>

Excerpt from the [Los Angeles Times](http://www.latimes.com/business/la-fi-financial-crisis-risks-20180909-htmlstory.html) -- "'We’re encouraging people to adopt very risky financial behavior — to acquire an illiquid, undiversified asset and to borrow heavily against it,' \[Schoenholtz\] said."

[Read more](http://www.latimes.com/business/la-fi-financial-crisis-risks-20180909-htmlstory.html)